Aselsan

More and more buildings in Turkey are being integrated into a system that will help authorities get information immediately about these structures and residences in case of an earthquake.

Under the Building Identification System, each building is assigned a unique QR code, with chips installed that store information such as who lives in the building and floor plans.

Turkey has delivered two ATAK helicopters, a twin-engine air vehicle developed by Turkish Aerospace Industries (TAI), to the Philippines, the head of the Presidency of Defense Industries (SSB) has announced, marking the first delivery to a foreign country.

Turkey's largest defense companies will showcase their products at another international fair, this time in Chile.

Aselsan, Aspilsan, Havelsan, Nurol, Otokar, Repkon, Roketsan, Tisaş, Turkish Aerospace Industries (TUSAŞ, and Canik will take part in the International Air and Space Fair (FIDAE), which will take place between April 5 and April 10 in Chile's capital Santiago.

Aselsan has denied claims that the shares of the company, majority owned by the Turkish Armed Forces Foundation, would be sold to foreign investors.

The company reserves its legal rights against those false claims and media reports based on those claims, a company statement read late on Dec. 7.

The world's biggest weapons manufacturers largely avoided the economic downturn caused by COVID-19 and recorded a growth in profits last year for the sixth year in a row, according to a report published on Dec. 6.

Managers of Turkey's largest defense companies underlined the importance of research and development activities during a panel in Turkey's major defense event.

Speaking at SAHA EXPO, managers said their firms allocate a significant amount of budget for R&D activities.

The four-day event kicked off on Nov. 10. 

Turkey successfully test-fired long-range indigenous air defense missile Siper, a top defense official said on Nov. 6.

Different tests of the air defense system, which is planned to enter the army's inventory in 2023, will continue, İsmail Demir, the head of Turkey's Defense Industries Presidency, tweeted.

The Turkish Central Bank signed an agreement with defense and technology firms Aselsan and Havelsan, and the Scientific and Technological Research Council of Turkey (TÜBİTAK) for the research, development and testing processes of potential digital Turkish lira.

At a major defense fair in Istanbul, Turkey's top body for promoting science is showcasing new missiles tailor-made for unmanned aerial vehicles (UAVs).

class='cf'>

Aselsan's turnover in the first six months of the year increased by 33 percent compared to the same period of the previous year and reached 7 billion Turkish Liras ($809.5 million), according to a company statement.

class='cf'>

Turkey's top defense company posted net profit growth of 37 percent year on year to reach 2.5 billion liras ($289.1 million).